Closing costs when buying a home in British Columbia
Closing costs — British Columbia
1 %
Conditions: General rate on the fair market value up to and including $200,000; 2% on the value greater than $200,000 up to $2,000,000; 3% above $2,000,000; Unless you qualify for an exemption
For city: Vancouver
In British Columbia, Property Transfer Tax is charged at a general rate of 1% on the first $200,000 of a property's fair market value, that amount included.
- Quote
The general property transfer tax rate is: 1% of the fair market value up to and including $200,000
Verbatim from the source, in the original language- Retrieved
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- Verified
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- Oct 29, 2026
Plain-language summary — not the legal text; see the quoted source.
Source: Property transfer tax - Province of British Columbia, gov.bc.ca. Unofficial copy; the linked original is authoritative.
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